SIFMA Welcomes Introduction Of The E-delivery Legislation

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation – “Improving Disclosure for Investors Act of 2022″- that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:

“The time has come – and arguably is overdue – to implement electronic delivery as the default means for delivering investor communications, while giving investors the power to choose paper delivery if preferred. According to a recent survey, a large majority of retail investors regardless of income or age, want e-delivery for its environmental benefits, speed, and convenience. SIFMA commends Rep. Bill Huizenga (R-MI) and Rep. Jake Auchincloss (D-MA) for introducing this important legislation that builds on the progress of implementing an e-delivery framework suitable for the 21st century.”